Fintech SaaS startup Hisabkitab raises undisclosed Seed funding at Rs 20 Cr valuation
A group of angel investors and high net worth individuals (HNIs) have contributed an unknown sum to Hisabkitab, an AI-powered and cloud-native accounting platform for small and medium-sized enterprises, in a seed fundraising round valued at Rs 20 crore.
According to a news statement from Hisabkitab, the profits will be utilized to build its AI Intelligence Layer, which will include an Audit Agent, Tax Preparation Agent, Accounts Receivable Agent, Accounts Payable Agent, and others.
Hisabkitab, which was introduced in 2022 by Shrigopal Malani and Abhinav Sharma, replaces the patchwork of disparate billing, bookkeeping, compliance, and reporting technologies with a single platform that integrates artificial intelligence, cloud computing, and end-to-end accounting capabilities.
The Surat-based business claims that this combination of automation and consolidation reduces the need to manage numerous separate software subscriptions while increasing accuracy, efficiency, and financial visibility.
The Indian accounting software market was estimated to be worth over $699 million in 2025 and is expected to reach nearly $1.5 billion by 2034, with a compound annual growth rate (CAGR) of 8.83% between 2026 and 2034.
Hisabkitab claims to have served over 2,700 paying SMEs and startups and drawn over 30,000 sign-ups. From Rs 4.18 lakh in May 2025 to Rs 25.01 lakh in June 2026, its monthly revenue has increased by almost six times in the last year.
The company intends to engage in hiring talent across product and business departments, growing its CA Partner Program throughout India, and increasing client acquisition through organic and performance marketing channels.
It faces competition from manual Excel-based workflows as well as accounting platforms like Refrens, Vyapar, Tally, Khatabook, MyBillBook, Zoho Books, Busy, and Swipe.
